7. Problem 10.11 (WACC and Percentage of Debt Financing) Hook Industries's capital structure consists solely of debt and common equity. it can issue debt at ro =12%, and its common stock currently pays a s3.50 dividend per share (Do = \$3.50). The stock's price is currently 531.75, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 25%, and its Wacc is 12 . 60%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two fecimal places